Finish Line Completes Sale of JackRabbit
The Finish Line has closed its sale of JackRabbit, its unprofitable specialty run business, to CriticalPoint Capital, LLC, the Los Angeles based private investment firm. The purchase price was zero, according to a regulatory filing.
Kohl’s To Launch Massive Under Armour Advertising Push
Kohl’s will begin airing this week three 30-second TV broadcast spots to support its launch of the Under Armour brand in its stores, according to Advertising Age.
Planet Fitness Grows Revenue 10 Percent In Fourth Quarter
The low-price fitness club franchise reported its total revenue increased from the prior-year period by 10 percent, to $116.4 million.
Play It Again’s Parent Sees Q4 Earnings Gains
Fourth quarter 2016 net income was $6.2 million, or $1.41 a share, compared to net income of $5.7 million, or $1.31, for the same period last year.
Skechers Performance Returns As Title Sponsor Of Los Angeles Marathon
This year, Skechers Performance launched Road to Los Angeles – a global marketing initiative that offered Skechers international partners the opportunity to partake in the marathon with a VIP experience.
BikeFlights.com Expands Advocacy Program
Trips for Kids and Little Bellas, have joined the program for 2017.
SFIA Urges Passage Of PHIT Act
“We are at a critical juncture in the national debate on healthcare and the PHIT Act is a potential game-changer,” said Tom Cove, SFIA President and CEO.
Dick’s Sporting Goods Opens Two New Stores
The retailer will celebrate the opening of new locations in Norwalk, CT and Sunnyvale, CA.
Big 5 Boosted By Competitor Exits
“We’re very encouraged that the profit and sales momentum has continued and actually accelerated into the first quarter of fiscal 2017,” CEO Steven Miller said on a conference call with analysts.
Balega Beefs Up Domestic Sales Team
The performance sock brand is expanding its domestic sales team with five new representatives.
Zalando Acquires Kickz
Zalando, Europe’s biggest pure online fashion retailer, made its first move into physical stores with the acquisition of streetwear retailer Kickz.
Argon 18 Hires VP Of Sales
Canadian high-end bike manufacturer Argon 18 announced the appointment of Claude LeBlond to vice president of global sales.
Headsweats Teams Up With MultiRace
The performance headwear manufacturer will be the presenting sponsor of the Mack Cycle Miami Man Half Iron and International Triathlon, Duathlon and Aquabike.
Performance Sports Group Begins Search For New CEO
With the completion of the sale in bankruptcy proceedings, Performance Sports Group Ltd. said a search for a permanent CEO is underway. Harlan Kent, who previously served as the CEO of Performance Sports Group, will continue to lead the business on an interim basis.
Big 5’s Earnings Surge In Q4
Big 5 Sporting Goods reported earnings in the fourth quarter surged 80 percent, thanks to improved merchandising margins and a 3.1 percent gain in same-store sales while forecasting a profit turnaround for the first quarter.
